Bitcoin miner MARA sold 13,597 BTC for about $1.1 billion after its third quarter ended, at an average price near $81,039. It used $750 million of the proceeds to repay bitcoin-backed loans, freeing 17,477 BTC that had been pledged as collateral.
The company also said it plans to keep selling coins to fund AI infrastructure and possible share buybacks, a big shift from its 2024 pledge to hold everything it mined.
My take: this is a miner turning bitcoin into cash, not a panic sale, but it is still real supply hitting the market while bitcoin sits near $73,700. Watch whether other large holders follow the same playbook. #Bitcoin $BTC
The company also said it plans to keep selling coins to fund AI infrastructure and possible share buybacks, a big shift from its 2024 pledge to hold everything it mined.
My take: this is a miner turning bitcoin into cash, not a panic sale, but it is still real supply hitting the market while bitcoin sits near $73,700. Watch whether other large holders follow the same playbook. #Bitcoin $BTC